According to the Jamaica Observer, Involution was founded in 2017 by tech entrepreneurs Brandon Leigh, Conrad Leigh, Phumlani Moholi, and Gustav Schoeman, who also operate Rain, a new LTE-only operator in South Africa.

Involution’s parent company, InstituteX, was founded in 2010.

Involution was founded as a subsidiary to pursue international opportunities including M&As of data-focused, mobile network operators.

The telco will invest 6.6bn pesos in infrastructure and network upgrades, which include adding 1,400 LTE 4G base stations to its fleet. The operator will also expand its triple-play service offer as a way to bridge the country’s digital gap.

C&W’s revenues declined 3% in Q4, impacted by a new competitor in the Bahamas and lower fixed-line revenue in Caribbean markets. The revenue decline was due to the impact of the hurricanes, lower carrier revenue in Jamaica, and lower B2B revenue in Panama. This was offset by strong mobile growth in Jamaica, higher penetration of high-speed fixed services in Panama and Jamaica, and growth in the wholesale capacity business.

CWC added 30,000 revenue generating units (RGUs) in the quarter, including 21,000 broadband and 6,000 fixed telephony. Mobile subscribers declined by 42,000, as 23,000 additions in Jamaica were offset by a loss of 61,000 in Panama where the company is focusing on higher Arpu clients.

VTR CHILE

Chile’s VTR saw a 10% increase in revenues to US$250mn, with boosts in revenue and subscribers for residential cable and mobile services.

While the fixed-line voice base declined, the company saw 17,000 new broadband subscribers, helped by increases in basic speeds over the last year, and 9,000 new mobile subscribers.

LIBERTY PUERTO RICO

Liberty Puerto Rico saw an 84% decline in revenue and a 65,000 decline in its subscriber base in Q4 due to the effects of the hurricanes.

The company said it expects the fallout from Hurricane María to have an adverse impact on financial performance in 2018 due to infrastructure rebuild. As of February 8, some 450,000 RGUs had been reconnected.

The company announced this week that it has reached an agreement to acquire 80% of Costa Rican cable company Cabletica.

“Our recently announced acquisition in Costa Rica is a clear example of the high quality assets available in the region and the potential for us to add value through the application of our operating model,” CEO Balan Nair said in a statement.

The operator’s Kölbi mobile unit has reached 4.2mn subscribers, up from 3.6mn subscribers recorded in 2011, when the private carriers began operating in the country, according to the telco’s marketing team.